Member Info for Xenor

@K3VMC Good for you. Would you like a cookie?

I'm not sure what there is to believe. My posts are nothing but my own opinions. Do your own research. Some of us have lost a lot of money in this share and are worried about our capital getting smaller and smaller every day. No doubt you will reply saying you're doing fine and bought at 3p - well done to you but that doesn't help anyone else.

Fair comment @HarChris. Buying now at any price is risky. I have convinced myself that this bull run has come to a premature end. I may be wrong but I'm sure a lot of people are having these thoughts and that's why the price is crashing. I regret not selling everything at 190p when I reduced my holding.

HarChris didn't you say the other day that your target was 115p? What entry are you looking for now? I sold some of mine for a 50% loss today.

Is this going to be like when it bounced from 42k?

I wish I could accumulate, 0.38 looks like a great price. I accumulated from 0.37 to 0.57 on the way up with the majority in the 50s. Not got the cash to average down. But I'm not worried - for all of the points you outline. It doesn't get much better than that. Once the finance is cleared up I think we'll see sentiment return. In a year's time my current average will look great.

Didn't the market price in a placing on the day of the RNS? Even though no placing was announced.

I would love to sell but I'm not taking a 45% loss or whatever it is now. Bag holder for life now. :(

Don't forget this one on 27th April RNS:

"The effort to complete reinvestment and recovery to restore the Ming Mine to its designed 1,350 tpd of ore production should not be underestimated. From a standing start in the middle of December 2020, we expect it to take 9 to 12 months to achieve this recovery. There is complete confidence that all the issues can be addressed and the true potential of the Ming Mine will be realised."

"complete confidence" is a big statement.

Thanks Know0. Sounds great. Always find these kind of groups have far better moderation than the wild west of LSE.

@Know0 Any chance we can have an invite to this discord group? Or is it super private?

I don't think anyone should be comparing 2016 to 2021. Almost like a different company with it's new CEO.

I always find Telegram and Discord to be better places to discuss stocks than the boards on here as there's less trolls. I'm in the Rambler Telegram group but didn't know there's a Discord one.

What's this discord chat for Rambler? Or is it a more general group?

I'm surprised to hear DJ sold some of his shares. I thought he was pretty confident on where this is heading and kept saying he hadn't sold any. I believe in his (and Cornish) calculations and definitely don't think it was a pump and dump.

I would rather people buy who are planning to hold. Yoyoing up/down 10% isn't good for anyone.

He has already liked a couple of ARB's tweets about going green recently so he will be aware.

I wonder if that is because in January everyone was sitting on massive profits whereas now a lot of people have invested since then and are sitting on massive losses.

SR123 is back on the board, this will be 200p by Friday. No one ramps better than him.

It definitely would have been worth adding that @Daibando. Honestly, at this point all I need to be happy is to be above my break even price. I'm sure most people would be happy waiting 3-4 years to hit £8-12 but some may be happy exiting after a year or two for less profit. Nothing wrong with that.

I do disagree with Buffet's quote on holding a stock for 10 years, a decade is a long time and unless you're super rich like he is then you can't predict where your life will take you over such a long period of time.

To be fair if I wanted to wait until 2024-2025 to make a profit from ARB I'd invest in 2024. Ironic that you talk about doom and gloom merchants but then tell people they need to wait a minimum of 3-4 years to see a profit. You are the very definition of a doom and gloom merchant.

I don't think this bull cycle is over yet. It will recover as soon as people stop treating Elon Musk like some crypto god and buying/selling off the back of his tweets.

Good points to both of you. I think I am too focused on bitcoin because that's what affects the share price the most. Seeing lots of people move money from bitcoin to alt coins and the worries about energy usage have convinced me this bull run might be coming to a premature end. ARB being green isn't going to help if people are moving away from bitcoin in general.

I wasn't expecting a quick profit, but I wasn't expecting a quick loss either. I mean people don't buy shares with the intention of seeing them plummet afterwards. It looked good on paper. Rising bitcoin (until recently), Pluto, NASDAQ, Texas. It's hard to see where it's going wrong. I reasonably expected to make a profit at some point this year, I wouldn't risk it otherwise.

But yeah, negativity affects sentiment so let's dream of rainbows and pots of gold instead. Maybe more people will want to buy shares then. Even the best stocks don't rise if people don't buy them. Seeing that in other stocks I'm invested in as well. Undervalued, low volume, more sellers than buyers.